Cantor Fitzgerald Forecasts Lucid Group FY2026 Earnings

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for shares of Lucid Group in a research note issued on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will post earnings per share of ($0.81) for the year. Cantor Fitzgerald has a "Neutral" rating and a $3.00 price target on the stock. The consensus estimate for Lucid Group's current full-year earnings is ($1.25) per share.

Several other research analysts have also recently issued reports on the stock. TD Cowen began coverage on shares of Lucid Group in a report on Friday, March 7th. They issued a "hold" rating and a $2.30 target price on the stock. Morgan Stanley raised shares of Lucid Group from an "underweight" rating to an "equal weight" rating and set a $3.00 price target for the company in a research report on Tuesday, March 18th. Cowen began coverage on shares of Lucid Group in a report on Thursday, March 6th. They issued a "hold" rating on the stock. Benchmark reaffirmed a "buy" rating and set a $5.00 price objective on shares of Lucid Group in a research note on Friday, March 7th. Finally, Robert W. Baird increased their target price on shares of Lucid Group from $2.00 to $3.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $2.68.

Lucid Group Trading Down 0.9%

LCID traded down $0.02 on Wednesday, hitting $2.16. 65,795,562 shares of the company were exchanged, compared to its average volume of 77,167,067. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71. The firm has a fifty day simple moving average of $2.45 and a two-hundred day simple moving average of $2.59. The stock has a market capitalization of $6.59 billion, a PE ratio of -1.61 and a beta of 0.81. Lucid Group has a 12 month low of $1.93 and a 12 month high of $4.43.

Lucid Group (NASDAQ:LCID - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Lucid Group had a negative return on equity of 74.67% and a negative net margin of 406.63%. The company had revenue of $235.05 million during the quarter, compared to analysts' expectations of $250.50 million. During the same quarter in the prior year, the firm posted ($0.27) EPS. The firm's quarterly revenue was up 36.1% on a year-over-year basis.

Hedge Funds Weigh In On Lucid Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC bought a new stake in Lucid Group during the 4th quarter valued at approximately $32,000. Stratos Wealth Partners LTD. lifted its stake in shares of Lucid Group by 46.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 20,706 shares of the company's stock valued at $63,000 after purchasing an additional 6,577 shares during the period. Empowered Funds LLC bought a new stake in shares of Lucid Group during the fourth quarter valued at approximately $301,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Lucid Group during the fourth quarter valued at approximately $28,000. Finally, Van ECK Associates Corp grew its stake in Lucid Group by 103.3% in the fourth quarter. Van ECK Associates Corp now owns 1,246,461 shares of the company's stock worth $3,764,000 after purchasing an additional 633,410 shares during the period. Hedge funds and other institutional investors own 75.17% of the company's stock.

About Lucid Group

Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.